Abcam (ABC) Trading Down 28.6%
Shares of Abcam Plc (LON:ABC) fell 28.6% during mid-day trading on Monday . The company traded as low as GBX 1,009 ($13.02) and last traded at GBX 1,059 ($13.66). 586,736 shares were traded during trading, an increase of 18% from the average session volume of 497,233 shares. The stock had previously closed at GBX 1,484 ($19.14).
A number of research firms recently issued reports on ABC. Peel Hunt reissued a “hold” rating on shares of Abcam in a research note on Tuesday, September 4th. Berenberg Bank reissued a “hold” rating and set a GBX 1,230 ($15.87) target price on shares of Abcam in a research note on Thursday, July 12th. Finally, Numis Securities reissued a “hold” rating and set a GBX 1,380 ($17.80) target price on shares of Abcam in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,282.75 ($16.55).
Abcam Company Profile (LON:ABC)
Abcam plc, together with its subsidiaries, produces and distributes research-grade antibodies and associated protein research tools worldwide. The company primarily offers primary and secondary antibodies, biochemicals, isotype controls, flow cytometry multi-color selectors, kits, loading controls, lysates, peptides, proteins, slides, tags and cell markers, and tools and reagents.
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